Bears have a descending Triangle in their favour.
Bulls have an Ascending Triangle in their favour.
Given the Stochastic is in the oversold area lets open a long Trade for now.
Lets have our Take profit at where the Triangles intersect.
Reaction from this area will tell us who is control bulls or bears.
Bulls have an Ascending Triangle in their favour.
Given the Stochastic is in the oversold area lets open a long Trade for now.
Lets have our Take profit at where the Triangles intersect.
Reaction from this area will tell us who is control bulls or bears.